Unusual Options Activity: Foot Locker (FL)

Sports apparel chain Foot Locker (FL) has dropped nearly 40 percent over the past year. One trader is betting on a rebound in shares in the coming weeks. That’s based on the December 15 $22.50 calls. With 31 days until expiration, 8,084 contracts traded compared to a prior open interest of 177, for a 46-fold rise in volume on the trade. The buyer of the calls paid $1.15 to make the bullish bet. Shares recently traded for about $20.50, so they would ...
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Unusual Options Activity: Seritage Growth Properties (SRG)

Retail real estate investment trust (REIT) Seritage Growth Properties (SRG), jumped over 15 percent last week following strategic asset sales and strong earnings. One trader sees further upside ahead. That’s based on the January 2024 $9 calls. With 67 days until expiration, 11,839 contracts traded compared to a prior open interest of 270, for a 44-fold rise in volume on the trade. The buyer of the calls paid $0.45 to make the bullish bet. Seritage shares recently traded for about $8.65 following ...
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Unusual Options Activity: Robinhood (HOOD)

Internet brokerage firm Robinhood (HOOD) dropped 15 percent on Wednesday following weak earnings. One trader is betting on shares to rebound from its quarterly report. That’s based on the February 2024 $8 calls. With 98 days until expiration, 4,576 contracts traded compared to a prior open interest of 124, for a 37-fold rise in volume on the trade. The buyer of the calls paid $1.08 to make the bullish bet. Shares recently traded for about $8.35, making this a slightly in-the-money trade ...
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Unusual Options Activity: WestRock Company (WRK)

Packaging and container firm WestRock Company (WRK) is up 7 percent over the past year, about half as much as the overall stock market. One trader sees shares trending higher in the coming weeks. That’s based on the December $37.50 calls. With 35 days until expiration, 14,107 contracts traded compared to a prior open interest of 249, for a 57-fold rise in volume on the trade. The buyer of the calls paid $1.95 to make the bullish bet. WestRock recently traded right ...
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Unusual Options Activity: Marriott International (MAR)

Hotel chain Marriott International (MAR) is up nearly 30 percent over the past year. One trader is betting that shares will slide in the coming weeks. That’s based on the December 15 $170 puts. With 37 days until expiration, 8,430 contracts traded compared to a prior open interest of 100, for an 84-fold rise in volume on the trade. The buyer of the puts paid $0.95 to make the bearish bet. Marriott shares recently traded for about $191, so the stock would ...
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Unusual Options Activity: Live Nation Entertainment (LYV)

Ticket seller Live Nation Entertainment (LYV) is up 17 percent over the past year, slightly beating the returns on the S&P 500. One trader sees further gains in the months ahead. That’s based on the January 2024 $92.50 calls. With 72 days until expiration, 3,815 contracts traded compared to a prior open interest of 105, for a 36-fold increase in volume on the trade. The buyer of the calls paid $2.70 to make the bullish bet. Live Nation recently traded for about ...
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Unusual Options Activity: DoorDash (DASH)

Food delivery service DoorDash (DASH) soared last week following a strong earnings report. One trader expects shares to trend higher in the months ahead. That’s based on the February 2024 $70 calls. With 102 days until expiration, 52,015 contracts traded compared to a prior open interest of 165, for a massive 315-fold jump in volume on the trade. The buyer of the calls paid $21.25 to make the bullish bet. DoorDash jumped to over $87.50 after earnings, making the calls about $17.50 ...
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Unusual Options Activity: V.F. Corporation (VFC)

Apparel manufacturing firm V.F. Corporation (VFC) is down nearly 50 percent over the past year. One trader sees the weakness in shares continuing throughout the next year. That’s based on the January 2025 $10 puts. With 441 days until expiration, 40,812 contracts traded compared to a prior open interest of 258, for a massive 158-fold rise in volume on the trade. The buyer of the puts paid $1.35 to make the bearish bet. VFC shares recently traded for about $13, so the ...
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